Legal Disclaimers

This document is strictly confidential and is intended for authorized recipients only. It includes confidential, proprietary, and trade secret information of THD Investments, LLC (“THD” or the “Firm”) and is presented for discussion purposes only. THD believes that any disclosure by a recipient is contrary to the best interests of, or could cause irreparable harm to, the Fund or the investments. The information contained herein is not generally known by the public. By receiving these materials, recipients agree to maintain all information contained herein strictly confidential and not to disclose the information to anyone, except within the recipient’s organization and need to know such information and who are bound by duties of confidentiality or as otherwise required by law. Any unauthorized copying, disclosure or distribution of the material in this presentation is strictly forbidden without the express written consent of THD. By accepting delivery of this document, the recipient thereby agrees to keep it confidential and return it promptly upon request. This document is for information purposes only and is not intended as investment advice, an offer or solicitation with respect to the purchase or sale of any security. Any offer to purchase or buy securities will only be made pursuant to an offering document and the subscription documents, which will be furnished to qualified investors on a confidential basis at their request for their consideration in connection with any such offering. Any investment decision in connection with the Fund should be based on the information contained in the private placement memorandum. No securities commission or regulatory authority in the United States or in any other country has in any way passed upon the merits of an investment in the Fund or the accuracy or adequacy of the information or material contained herein or otherwise. This information is not, and under no circumstances is to be construed as, a prospectus, a public offering, or an offering memorandum as defined under applicable securities legislation. The information contained herein does not set forth all of the terms, conditions and risks of the Fund, including risks associated with Regulation D privately-offered investment products. This information is qualified in its entirety by, and is subject to, the information contained in the relevant private placement memorandum. Prospective investors are advised to consult with their own independent advisors, including tax advisors, regarding a potential investment in the Fund. There is no guarantee that any investment objective will be achieved. Past performance is not indicative of future results, which may vary. Actual results may differ materially from those expressed or implied. Unless otherwise noted, the valuation of the specific investment opportunity contained within this presentation is based upon information and data available as of the date these materials were prepared. An investment with THD is speculative and involves significant risks, including the potential loss of all or a substantial portion of invested capital, the use of leverage, and the lack of liquidity of an investment. Recipients should not assume that securities or any companies identified in this presentation, or otherwise related to the information in this presentation, will be investments held by the Fund or that investments in any such securities will be profitable. Investment products such as the Fund are designed only for sophisticated investors who are able to sustain the loss of their investment. Accordingly, such investment products are not suitable for all investors. The Fund is not subject to the same or similar regulatory requirements as mutual funds or other more regulated collective investment vehicles. Certain information presented herein comes from third-party sources. While THD believes such information to be accurate, it has relied upon such sources as accurate information, has not independently verified such information and makes no representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein. Certain economic and market conditions contained herein has been obtained from published sources and/or prepared by third-parties and in certain cases has not been updated through the date hereof. All information contained herein is subject to revision and the information set forth herein does not purport to be complete. This document contains forward-looking statements. The opinions, forecasts, projections or other statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements can be identified by the use of words such as “anticipate,” “intend,” “believe,” “estimate,” “plan,” “seek,” “project,” “expect,” “may,” “will,” “would,” “could” or “should,” the negative of these terms or other comparable terminology. Examples of forward-looking statements include statements relating to macroeconomic conditions, expectations regarding future growth, including future revenue and earnings increases, margins, free cash flow projections and annual growth rates; growth plans and opportunities, including our strategies for future or potential acquisitions, product expansion, targets and geographic expansion; estimated returns, now or in the future; and assumptions underlying these expectations. Actual events or results or the actual performance may differ materially from those reflected or contemplated in such statements. Prospective investors should pay close attention to the assumptions underlying the analyses and forecasts contained in this presentation, which are based on assumptions believed to be reasonable in light of the information presently available. Such assumptions may require modification as additional information becomes available. Nothing contained in this presentation may be relied upon as a guarantee, promise, assurance or a representation as to the future. These statements have not been reviewed by anyone outside of THD and while THD believes these statements are reasonable, they do involve a number of assumptions, risks and uncertainties. 9

Legal text carried over from the supplied pitchbook for internal review. Compliance approval required before publication.